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216 Lorraine Court

216 Lorraine Court, Colorado Springs, CO 80905
Property in Broadmoor
Sold Dec 28, 2004
$162,500
$206,250 by Wells Fargo Bank Na
Mortgage Due Jun 01, 2049
216 Lorraine Court in Colorado Springs, CO was first built in 1955 and is 69 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a ranch/rambler style. It is a single story home. There are a total of 7 rooms in the home, of which, 2 are bedrooms. In terms of bathrooms, there is only one bathroom. There are 2 partial bathrooms. 216 Lorraine Court has 1,372 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. The basement is 836 sqft and has been categorized as a partial basement. In total, the area measurement of the land is 6,000 square feet.

Learn more about the property and building on this page. There is a covered porch and a patio. The home has a gable or hip style roof made of composition shingle. For those who need parking, there is a detached garage. The garage is 299 sqft. There is one available parking space. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with frame control joints. The quality of the control joints have been graded by the local assessor with a letter grade of C. The exterior walls of the home are made of wood siding. While the interior walls are made of gypsum boards such as those made of drywall, sheetrock, etc. As for heating, the home is utilizing a forced air unit. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 216 Lorraine Court was last sold in Dec 22, 2004 for $162,500. According to our calculations, that's $97.19 per sqft. Current property owners are expected to pay $1,251 in taxes per year. The property on 216 Lorraine Court was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $18,360. To break that down further, the land itself was valued at $7,460. While improvements to the property were assessed at a total of $10,900. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 1955
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Quality: C
  • Construction Type: Frame
  • Building Style: Ranch/Rambler
  • Exterior Walls Type: Wood siding
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Gable or hip
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Partial basement
  • Basement Area: 836
  • Garage Type: Detached
  • Garage Square Area: 299
  • Parking Space Count: 1
  • Patio Type: Patio
  • Porch Type: Covered porch

    Dimensions

  • Lot Size Square Feet: 6,000
  • Total Building Area: 1,672
  • Gross Building Area: 1,672
  • Building Area: 1,372
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Forced air unit
  • Heated Square Feet: 1,372
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: ORCHARD SUB
  • Land Acres: 0.138
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Apartments (generic)
  • Legal Description 1: LOT 10 ORCHARD SUB

Ownership

  • Current Owner : WISEMAN TIMOTHY T
  • Current Owner 2: WISEMAN MARLA G
  • Previous Owner : KRAUSHAAR MIKKI
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Cheyenne Mountain School District 12
  • School Tax School District: GBD
  • Census Tract: 003002

Zoning

  • Zoning: R2

Geography

  • Assessors Map Reference: Jan 01, 1970
  • Parcel: 74251-19-008
  • Lot: 10
  • Municipality: CHEYENNE MOUNTAIN 12
  • Latitude: 38.8063
  • Longitude: -104.832

    Address

  • Full Address: 216 Lorraine Ct
  • Address - House Number: 216
  • Address - Street Name: Lorraine
  • Address - Suffix Type: Ct
  • State: CO
  • City Name: Colorado Springs
  • Carrier Code: C011
  • 4-Digit Zip Code: 2526
  • Zip Code: 80905

Valuation

    Tax

  • Total Area: 1,672
  • Tax Year: 2022
  • Tax Amount: $1,251
  • Tax Rate Code Area: GBD

    Appraisal Valuation

  • Standard Deviation: 0.1568
  • Valuation Date: Feb 22, 2023
  • Confidence Score: 80
  • Final Value: 435,566
  • High Value: 503,866
  • Low Value: 367,266

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $206,250
  • First Open Lien Mortgage Lender: WELLS FARGO BANK NA
  • First Open Lien Mortgage Recording Date: May 06, 2019
  • First Open Lien Mortgage Loan Amount: $206,250
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Jun 01, 2049

    Market Valuation

  • Market Total Value: $264,113
  • Market Land Value: $107,300
  • Market Improvement Value: $156,813

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $18,360
  • Assessed Land Value: $7,460
  • Assessed Improvements Value: $10,900

    Sales

  • Current Sale Contract Date: Dec 22, 2004
  • Current Sale Recording Date: Dec 28, 2004
  • Current Sale Transaction ID: 1083284904
  • Current Sale Price: $162,500
  • Current Sale Document Type: Personal Representatives Deed
  • Current Sale Input Document Number: 204210597

    Last Sale Mortgage

  • First Mortgage Lender: AMERICAS WHOLESALE LENDER
  • First Mortgage Transaction Date: Dec 28, 2004
  • First Mortgage Loan Amount: $130,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jan 01, 2035
  • Second Mortgage Loan Amount: $16,250

    Financing

  • First Mortgage Financing Type: Adjustable Rate

About Broadmoor



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Frequently Asked Questions

What neighborhood is 216 Lorraine Court located in?
The 216 Lorraine Court is a located in the neighborhood of Broadmoor in Broadmoor, Colorado Springs.
What is the average sales price for listings in 216 Lorraine Court?
The average sales price for units in 216 Lorraine Court is $0 currently.

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